Question 1

What are stablecoin cross-border payments?

Accepted Answer

Stablecoin cross-border payments use dollar-pegged digital assets such as USDT or USDC to move value between counterparties in different countries, then convert into a supported fiat currency at the destination for bank payout.

Question 2

Why use stablecoins instead of SWIFT for cross-border payments?

Accepted Answer

SWIFT can take several business days and pass through multiple intermediary banks, each charging fees. Stablecoin transfers settle in minutes on-chain at predictable network fees, and conversion to fiat happens only at the destination.

Question 3

Which stablecoins does iTeller support?

Accepted Answer

iTeller supports USDT and USDC on supported networks such as ERC20 and TRC20. Network availability, liquidity and limits may vary by region and partner.

Question 4

Which fiat currencies are available for payout?

Accepted Answer

Common supported currencies include GBP, AUD, EUR and USD where available. Availability depends on payout corridor, partner support and compliance review.

Question 5

Can my business receive USDT from international customers?

Accepted Answer

Yes. Eligible UK and AU businesses can complete KYB, receive USDT or USDC from international customers and convert into a verified business bank account through a compliant off-ramp.

Question 6

How fast is stablecoin settlement?

Accepted Answer

On-chain stablecoin transfers typically confirm in seconds to minutes. The fiat payout leg depends on the destination rail — Faster Payments in the UK is usually same-day; SWIFT can take 1–3 business days.

Question 7

What are the fees for stablecoin cross-border payments?

Accepted Answer

Fees may include network fees on the sending blockchain, conversion spread between stablecoin and fiat, off-ramp service fees and bank payout fees. iTeller shows all fees before you confirm.

Question 8

Are stablecoin payments legal for businesses in the UK and Australia?

Accepted Answer

Yes, businesses in the UK and Australia can use stablecoins for commercial settlement through licensed providers. Compliance, AML and tax obligations still apply and businesses should keep accurate records.

Question 9

How is this different from a crypto exchange?

Accepted Answer

A crypto exchange is built around trading pairs and order books. iTeller's stablecoin settlement workflow is built around moving converted value into a supported business bank account through a compliant payout flow.

Question 10

Do I need KYB to use stablecoin settlement?

Accepted Answer

Yes. Businesses must complete KYB, beneficial-owner verification and source-of-funds review before stablecoin settlement and fiat payouts are enabled.

Question 11

Is iTeller a bank?

Accepted Answer

No. iTeller is not a bank. iTeller is a crypto payments platform that helps eligible businesses settle in stablecoins and access supported fiat payout services through partners where available.

Stablecoin Cross-Border Payments